Welcome to Ironwood Gold Corporation
From my perspective of over twenty-five years of mineral exploration and mining successes, I am convinced that the next few years will offer unmatched growth and profit opportunities for gold producers and for shareholders of Ironwood Gold Corp. in particular.
Our developing portfolio of claims in Nevada, home to over 80 percent of all U.S. gold production, reveal extraction opportunities formerly available only to industry leaders such as Barrick, Newmont, Kinross and Placer Dome. Currently, Ironwood Gold has three substantial claims in Nevada.
Ironwood's flagship property is our 1,640-acre Rock Creek Project, a joint-venture with Teck Resources, Ltd., the largest and most profitable diversified mining and mineral processing companies in Canada. Rock Creek is located in the prolific 50 million-ounce to-date (200 million ounces projected) Carlin Trend, Nevada's richest ore body. Our recently completed N.I. 43-101-compliant survey estimates 1 million to 5 million ounces of economically recoverable gold-equivalent resources. If this grade of mineralization extends deeper or further along strike, as is the case in several other Carlin Trend mines, Rock Creek's resource could grow proportionately.
Ironwood controls 100 percent of the claim through the exploration phase, with Teck having a buy-back option of up to 65 percent of the project in return for financing and mining operations. (Details are contained in the Dec. 14, 2009 Press Release listed on this site.)
A similar relationship with Teck governs our Haystack property, located in Pershing County, Nevada, approximately 70 km west of Winnemucca. Haystack comprises 60 federal mining claims covering about 1,110 acres, where gold-bearing quartz veins hosted in granodiorite were discovered in 1914.
Cobalt Canyon in southeastern Nevada is wholly owned by Ironwood. Our recently performed 43-101 report estimates of 1.3 to 3 million ounces of recoverable gold-equivalent resource.
Just as valuable as our mineral-rich inventory and our strategic partnerships is Ironwood's management team. Ours is a diverse and highly acclaimed group of professionals, well known and well connected in the industry, with sterling reputations in geology, engineering and finance. You can access their CVs here on the website.
Unlike in the petroleum sector, there is no debate that the world is past "peak gold". Very few world-class precious metal mines have been brought on line in the past two decades. Production from South Africa is on a rapid decline, and the majority of untapped resources remain in areas of significant political risk or unreasonable royalty requirements.
Ironwood's management and acquisition team continues to focus on the few mining-friendly gold-rich districts left on the planet. We will develop precious metal exploration and development projects with minimum risk and maximum growth potential.
To that end, our prospect acquisition planning demands that all potential projects pass four key tests before being considered for our inventory.
- The property must be adjacent to , or within the confines of, a district with an established history of economic mineral production.
- The project must be located in a stable, mining-friendly political jurisdiction.
- Previous work on the property must have established a very high probability of developing, and advancing to pre-feasibility stage, a minimum one-million gold-ounce equivalent resource.
- Having satisfied these first three criteria, the project must qualify for financing to bankable feasibility.
Ironwood Gold Corporation, we believe, is in the right place at the right time. Worldwide gold production is in serious decline while the metal is more in demand and more valuable than at any time in history. We have the projects, the corporate partners and the management team in place to rapidly become a significant regional producer for the world's most precious resource.
Thank you for visiting our website. Please contact me or any of Ironwood's team members if you have further questions.
Sincerely,
Robert J. Reukl,
President